1. Governments. They don’t care what you think. They don’t care about your view of economics, debt, or their obligation to society. This is doubly true for Iraq and much of the middle east, where corruption is the rule and not the exception.
2. Currency. It is worth whatever someone is willing to pay for it…
I want to be very clear about one thing … it’s not all about natural resources.
The Iranian Riyal is the prime example – Iran has the FIFTH largest reserves of the same thing Iraq and Saudi Arabia have, so how can the Iranian Riyal be over 27x weaker than this IQD we’re speculating on?
Could the answer be that the world trusts Iraq approximately 27x more than Iran? You bet!
This comes down to a very simple concept, once you grasp it.
If Iraq announces tomorrow that they have completed the HCL, they are 100% committed to securing their country and rising to a prosperous level, and the CBI states they are now paying ten cents US to the Iraqi dinar – banks will be cashing in on that, and the fiat world we live in is going to apply point #1 to your logic about economics and the like.
In other words, they will ignore your opinion – and you better be ready to go along with them, because you certainly won’t be fighting it.
Millionaires and billionaires will be created out of thin air, just like has happened so many times in the past when a currency was manipulated.
The means is not entirely important, so when someone says in a snooty voice “No RV is possible because it’s never happened before…”
HA! I laugh at that. Even if “no RV” has ever happened, which is to say that no currency has ever been dramatically or officially raised on the forex boards or something like that – you can’t tell me that no wealth has ever been gained through the manipulation of currency.
And that, my friends, is something Iraq is in a very unique position to do right now.
